WellCare Health Plans Posts Q2 Results Beat

August 4, 2017

WellCare Health Plans, a managed care company, reported Friday Q2 adjusted earnings of $2.52 per share, up from $2.23 per share in the prior year period and higher than the $2.24 per share Street estimate. Total revenues were $4.31 billion, up from $3.59 billion reported for the same period last year and higher than the $4.23 billion Street estimate.

For 2017, the company now expects adjusted earnings to range from $6.75 to $6.95 per share, up from the prior guidance of $6.55 to $6.80 per share. The Street consensus calls for earnings of $6.86 per share.

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By Stephen Holmes

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